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Сооснователь криптобиржи BitMEX Артур Хейс (Arthur Hayes) рассказал, что в его криптовалютном инвестиционном портфеле сейчас есть биткоин и три альткоина.

Глава отдела аналитики компании New York Digital Investment Group (NYDIG) Грег Чиполаро (Greg Cipolaro) рассказал, что «инвестиционная вселенная» крипторынка начинает постепенно сжиматься.

Автоматизированный бот для торговли криптовалютой Lobstar Wilde случайно отправил весь запас своих токенов пользователю, который представился нуждающимся в деньгах на лечение дяди.

Сооснователь Эфириума Виталик Бутерин предложил использовать симуляцию транзакций и схожие механизмы для повышения безопасности криптокошельков и смарт-контрактов, а также улучшения пользовательского опыта.

В социальных сетях снизилось количество чрезмерно оптимистичных прогнозов относительно роста курса биткоина, что является позитивным сигналом для рынка, сообщили аналитики платформы Santiment.

Аналитики ончейн-платформы CryptoQuant заявили, что в условиях медвежьего рынка ключевым фактором давления на цену биткоина становятся крупные держатели, наращивающие переводы монет на централизованные биржи.

Сенатор-республиканец штата Миссури Бен Китли (Ben Keathley) представил законопроект, разрешающий казначейству инвестировать бюджетные средства в биткоин и хранить приобретенные активы не менее пяти лет.

Биткоин переживает «кризис веры» после падения курса более чем на 40% от исторического максимума и сокращения рыночной капитализации примерно на $1 трлн, сообщили опрошенные Bloomberg аналитики. По их оценке, рынок не видит новых катализаторов роста.

Cardano впервые за полтора года выбыл из первой десятки криптовалют по капитализации. Инвесторы теряют интерес к ADA, а ценовая динамика выглядит слабой. Однако фундаментальные показатели и развитие экосистемы свидетельствуют о более сложной картине, чем показывает график.

The price of XRP has been relatively calm throughout February, especially following an early-month descent to just above $1.1. Hovering around $1.4, the second-largest altcoin has struggled to continue its recovery to around the $2 mark.

However, it appears the altcoin’s struggles might not last for long, especially if history repeats itself over the next few months. According to the latest on-chain data, XRP has surpassed a threshold that has coincided with a period of extended rally in the past.

XRP Price Surged 114% After Last Realized Loss Spike

In a February 21st post on the social media platform X, Santiment shared that XRP investors are realizing their losses at a rate not seen in nearly four years. The blockchain firm revealed that the volume of realized losses climbed to approximately 908 million in the past week.

As Santiment explained in its post, these significant realized losses occur when a large number of investors sell their coins at a price lower than what they originally paid. Typically, this period coincides with the peak of market fear, where investors panic-sell their holdings for a loss instead of holding on and hoping for a rebound.

However, a spike in realized losses can be a relevant positive signal, as it has been for the price of XRP in the past. This trend implies that a significant percentage of the weak hands have left the market, with much of the damage already done.

From a historical perspective, a surge in realized losses has often preceded market bottoms. When the previous weekly milestone of 1.93 billion in realized losses occurred in 2022, the altcoin’s value witnessed an over 114% surge in the following eight months.

Santiment wrote in the X post: 

This is because extreme fear tends to peak before price does. Once sellers are exhausted, even a small amount of new buying pressure can push prices higher. That does not guarantee an immediate rally, but it increases the probability of a bounce.

Nevertheless, it is worth mentioning that Ripple’s partial victory in its case against the United States Securities and Exchange Commission played a role in XRP’s 2023 surge. As shown in the chart below, the altcoin’s price appears to be seeing some bullish momentum since the notable realized loss spike. 

XRP Price At A Glance

As of this writing, the price of XRP stands at around $1.44, reflecting a 1% jump in the past 24 hours. An over 100% upswing from the current price point would see the altcoin return to around $3.

Bitcoin held its ground over the weekend as US President Donald Trump said late Saturday that he was increasing a recently announced global tariff from 10% to 15% and that the new rate would take effect immediately.

The move came after the US Supreme Court ruled to limit the legal authority previously used to impose broad import levies.

Bitcoin Unmoved

Cryptocurrencies barely budged on the news. Bitcoin hovered around the $68,000 mark while Ether showed little change, and smaller tokens lost under 1% in aggregate according to market trackers. Reports note that traders only saw a brief wobble before prices steadied, suggesting the shock was short lived.

Legal Limits And What They Mean

Based on reports, the shift to alternative trade laws limits how far a president can go with such tariffs. The statutes cited allow a temporary tariff capped at 15% and typically apply to countries where the US runs a trade deficit for a defined period of up to 150 days.

Legal experts say those constraints could keep the measure from becoming a permanent tax rise on imports.

Trump said on his Truth Social platform:

“As President of the United States of America, I will be, effective immediately, raising the 10% worldwide tariff on countries, many of which have been ‘ripping’ the US off for decades, without retribution, until I came along, to the fully allowed, and legally tested, 15% level.” How Traders Might Be Thinking

Some investors appear to have treated the announcement as a headline event rather than the start of a lasting economic shock.

Volume patterns showed no sustained sell pressure, and risk appetite in crypto markets returned quickly. Reports say the earlier court ruling, which narrowed the executive branch’s emergency powers for tariffs, may have removed some uncertainty — at least for now.

Market sentinels will watch closely in the days ahead. If the White House tries to stretch the temporary authority or expand the list of targeted countries, that could change the tone in both crypto and equity markets.

Bigger Picture For The Economy

Raising an across-the-board tariff, even temporarily, raises questions about costs for businesses and consumers.

Import duties are often passed down the chain in the form of higher prices or tightened margins, and global trading partners are likely to push back diplomatically and legally.

Some foreign leaders and industry groups quickly criticized the move, warning it could slow growth and raise consumer bills.

Far from a market-draining shock, this episode so far reads like a high-profile policy stunt with limited immediate market effect.

That could change if the measure is stretched beyond the legal limits that lawmakers and courts have pointed to. For now, crypto traders seem to have chosen to watch and wait while prices remain near recent highs.

Featured image from Unsplash, chart from TradingView

Недавнее падение курса биткоина вызвано негативными настроениями инвесторов и давлением экономических факторов, считает стратег итальянской банковской группы UniCredit Томас Штробель (Thomas Strobel).

Децентрализованный протокол Structured, обещавший клиентам доход через токенизированные версии биткоина и другие производные инструменты, сообщил о прекращении операционной деятельности. Руководство пообещало полное погашение активов вкладчикам.

Stablecoin operator Tether has announced its decision to discontinue support for its offshore Chinese Yuan token CNH₮. The USDT operator has attributed this development to a lack of market demand, among other points.

Tether To Terminate CNH₮ Redemption In One Year 

In a recent blog post, Tether shared a strategic update on its CNH₮, communicating a management decision to withdraw the stablecoin product from its offerings. This decision is based on multiple factors centered around demand and operational efficiency.

A statement from the announcement read:

Community interest and adoption are central to every product decision we make. When evaluating whether to maintain or introduce a Tether token, we assess market demand, operational sustainability, and broader ecosystem conditions that influence long-term usability. Our priority is to allocate resources where they can most effectively enhance security, reliability, and innovation across the digital asset landscape.

Tether explains that the CNH₮ recorded low interest, adoption, and community demand compared to their products, thereby failing to produce an acceptable return on technical and operational efforts. 

As of this moment, all new issuance of CNH₮ has been halted. Meanwhile, CNH₮ users will have the next year to process any redemptions before the stablecoin is permanently phased out. The stablecoin operator will issue another reminder ahead of the redemption deadline. Following this development, Tether reiterates its commitment to stablecoin global growth and adoption. 

The statement read:

Tether will continue to focus its efforts on stablecoins and infrastructure that demonstrate strong, organic adoption and long-term relevance. This includes advancing core stablecoin liquidity, expanding tokenization infrastructure, and supporting new financial tools that better serve global users and builders.

Tether remains the operator of the world’s largest stablecoin, USDT, which presently boasts a total market cap of $183.7 billion. In January, the stablecoin company launched USAT, designed specifically for American users.

Nigeria Leads Demand For Stablecoins

In other news, a recent survey by BVNK has revealed that Africa’s largest economies are leading the demand for stablecoins. This survey, done in collaboration with Coinbase, YouGov, and Artemis, involved 4658 adults across 15 countries. The results revealed that 80% of Nigerian and South African respondents presently hold stablecoin, while 75% aim to increase holdings as citizens seek a haven from their local fragile currencies.

At press time, the total stablecoin market cap is valued at $310 billion, with high expectations of future market expansion following the approval of the GENIUS Act last July.

Занимающаяся добычей биткоинов сингапурская Bitdeer полностью распродала свой запас криптовалюты. За последнюю неделю компания добыла 189,8 BTC и весь этот объем продала, говорит свежий финансовый отчет. С чем связана распродажа, компания не уточнила.

Криптопроект IoTeX подвергся хакерской атаке. Злоумышленник получил доступ к смарт‑контрактам TokenSafe и MinterPool из‑за компрометации приватного ключа, сообщили специалисты компании PeckShield.

The biggest question so far in the bear phase has been when and where the Bitcoin price will bounce back. According to the latest on-chain data, there might be a fresh answer as to where the price bottom will be in the current bear market.

Here’s Why $40,000 Could Be Pivotal To The Bear Market

In a recent post on the X platform, crypto analyst Ali Martinez identified the $40,000 level as a potential bottom for the Bitcoin price in the current market phase. This projection is based on the cost basis of an old investor cohort known as the long-term holders (LTH)

For context, the cost basis of long-term holders refers to the average price at which Bitcoin investors (who have held their coins for 155 days or more) acquired their coins. This price level is often relevant because long-term investors are often referred to as diamond hands, who are less likely to sell during periods of downside volatility.

Moreover, the LTH cost basis tends to act as the ultimate support level during bear markets, as most long-term investors are usually still in profit even in the thick of the bear market. Hence, when the Bitcoin price falls to this support, the long-term holders double down on their positions.

This renewed buying activity by the long-term holders would prop up the price of the premier cryptocurrency above their cost basis, as observed in the chart above. According to the highlighted data, the LTH cost basis is currently around $40,363, about 40% from the current price point.

If the Bitcoin price were to face further downside pressure and approach this cost basis, there is a likelihood it would receive support from the long-term investors’ increased reaccumulation. Hence, this cost basis could become the bottom for the current bear market.

On the flip side, the Bitcoin market could face an even deeper correction if the selling pressure overwhelms the long-term holders’ reaccumulation spree. 

Bitcoin Price Overview

As of this writing, the price of BTC stands at around $68,330, reflecting a nearly 1% increase in the past 24 hours. However, this mild single-day action does little to correct the over 2% price decline witnessed by the premier cryptocurrency over the past week. According to data from CoinGecko, the Bitcoin price is currently down from its all-time high by more than 45%. 

Сервис аналитики Elliptic представил результаты исследования, где назвал несколько криптовалютных бирж, которые позволяют российским компаниям обходить международные санкции.

Шансы биткоина подорожать к декабрю составляют 88%, заявил экономист и инвестиционный советник Cane Island Тимоти Петерсон (Timothy Peterson). Свое утверждение он аргументировал так: за последние два года половина месяцев показала положительную динамику курса первой криптовалюты.

As Bitcoin price struggles persist, the Bitcoin Spot ETFs continue to witness consistent net negative performance, highlighting the heightened bearish sentiments among retail and institutional investors. As the latest trading session closed on February 20, the Bitcoin ETFs have now experienced five consecutive weeks ending on a red note, as combined net outflows within this period climbed to $3.81 billion.

Investors’ Exit From Bitcoin Spot ETFs Continue

According to data from SoSoValue, the Bitcoin ETFs registered $315.89 million in net outflows in the third week of February. Notably, trading commenced on Tuesday with a negative showing that lasted for three days, resulting in aggregate net withdrawals of $403.9 million. On Friday, the institutional funds saw a positive change, as total net inflows reached $88.04 million, albeit still far from breaking the multi-week red streak.

More data from SoSoValue showed that BlackRock’s IBIT processes $303.4 million in net outflows, accounting for most of the bearish action as has been frequently observed. Meanwhile, Fidelity’s FBTC investors withdrew $19.60 million more than deposits. Other ETFs with significant negative readings included Grayscale’s GBTC, Bitwise’s BITB, and 21Shares/Ark Invest’s ARKB, with net outflows ranging from $8 million to $10 million. Valkyrie’s BRRR experienced the least net redemption activity, valued at $1.7 million.

On the other hand, Grayscale’s BTC registered $35.97 million in net inflows to maintain a positive showing for the third consecutive week. Other Bitcoin Spot ETFs, including VanEck’s HODL, Invesco’s BTCO, Franklin Templeton’s EZBC, WisdomTree’s BTCW, and Hashdex’s DEFI, all recorded zero netflow, highlighting a concerning reluctance in market participation by institutional investors. 

At press time, Bitcoin is valued at $68,357 as the cumulative total net inflow for the Bitcoin Spot ETFs stands at $54.01 billion, while total net assets are valued at $85.31 billion. Notably, BlackRock’s IBIT maintains undisputed market dominance, accounting for 60% of the reported assets under management.

Ethereum ETFs Mirror BTC Counterparts

Based on data from SoSoValue, the Ethereum ETFs are experiencing a persistent struggle similar to that observed with Bitcoin Spot ETFs. Over the last week, total net outflows reached $123.37 million, ensuring the institutional funds are yet to record a combined positive net flow in over six weeks.  At the time of writing, total net assets for the Ethereum Spot ETFs are valued at $11.14 billion.  Meanwhile, Ethereum trades at $1,978 following a 0.45% gain in the past day.